The crypto market braces for the first major U.S. economic event of 2025: the December CPI data release. Bitcoin’s price has been hovering around $90,000, with traders adding short-dated puts to hedge against potential volatility. The VIX index, a measure of market volatility, remains high at 18.68, suggesting continued market turbulence. XRP has surged to $2.90, matching its December high, while AI coins like FAI, GRASS, VIRTUAL, Ai16z, and TAO are seeing increased buying interest. Experts predict that a softer-than-expected inflation reading could trigger a bitcoin rally. Meanwhile, the market’s cautious sentiment is evident in the options market, with puts rolled below the key $90,000 support level. The upcoming CPI data could significantly influence the direction of digital assets, with potential for both hawkish and stagflationary outcomes.
Source: www.coindesk.com
